Concern over eToro continues as shares drop below $30 to all-time low
At $29.40, eToro shares are now down 43% from the IPO price, as the company’s valuation has dropped below $2.5 billion.
At $29.40, eToro shares are now down 43% from the IPO price, as the company’s valuation has dropped below $2.5 billion.
eToro is likely to report its Q4 and full year 2025 results in the coming weeks.
eToro shares were down 1.1% on the day Friday, down 10% for the month of October, and are down 29% since the May IPO.
eToro’s $67 share price close now attributes a valuation of $5.5 billion to the company.
Half of the shares offered in the eToro IPO are newly issued shares from the company, and half are from selling shareholders.
Webull shares have declined by 80% over the past three weeks since closing its SPAC IPO, providing more headwinds for eToro.
eToro was planning to raise between $300 and $400 million in its IPO offering, at a pre-money valuation of $4.5 billion.
Yoni Assia: Client trading volumes at eToro are rising to “levels of activity that we haven’t seen since 2021.”
eToro has purchased a company called Deep, which focuses on content automation.
The share sales are being offered at a valuation for eToro of about $1.7 billion, less than half of what it was valued at earlier this year.